Ho Chi Minh welcomes Singaporean investors in technology and finance sectors

Chairman of the Ho Chi Minh City People’s Committee Phan Van Mai presides over the meeting and delivering remarks. (Photo: hcmcpv.org.vn)

Welcoming UOB leaders and businesses from Singapore, Chairman Phan Van Mai highlighted that the meeting continues the spirit of collaboration between UOB and Ho Chi Minh City, or more broadly, between Singapore and Ho Chi Minh City. He expressed the city’s desire to serve as a gateway for Singaporean investors and those investing through Singapore and UOB to enter Vietnam.

Expressing delight at the concrete agreement between UOB and ITPC, Chairman Phan Van Mai reaffirmed that Ho Chi Minh City, along with Vietnam and specifically the Southeast region, warmly welcomes Singaporean investors, particularly in technology and finance. He emphasized that foreign investment is a vital part of the city’s socio-economic development and reiterated efforts to improve the investment environment to ensure the success of all investors.

Victor Ngo, CEO of UOB Vietnam, thanked Chairman Phan Van Mai for his warm reception of the UOB delegation and Singaporean businesses. He noted that Vietnam remains a prominent destination for foreign investment in ASEAN due to its dynamic economic growth and strong fundamentals. Over the past 30 years, UOB has supported Vietnam’s economic development. In the last five years alone, UOB has facilitated the entry of over 300 companies into Vietnam, with foreign investors committing more than SGD7.3 billion, creating 50,000 jobs.

At the ceremony, ITPC and UOB signed a cooperation MoU focusing on promoting high-quality FDI into Vietnam, particularly in high-tech, digital technology, green growth, sustainable development, infrastructure, renewable energy, semiconductors and finance; supporting and connecting Vietnamese businesses to participate in the supply chains of FDI enterprises, which are UOB’s clients and partners; co-organizing seminars, conferences, investment promotion events and supporting activities; and providing timely assistance to investors./.